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Binance Holdings is set to pay $4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a third party will oversee Binance’s operations for a duration of five years. Historic $4.3 Billion Binance Settlement Approved by Seattle Judge Binance, the … Read more
Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira exchange rates exceeding NGN1,802. Binance says it has the right to remove “users behaving in a malicious or manipulative way.” The Nigerian Currency’s Woes Some Nigerian users of Binance’s peer-to-peer (P2P) platform have … Read more
A U.S. Federal Judge has been urged to accept a plea deal from U.S. authorities with the cryptocurrency exchange, Binance. Prosecutors, in a memorandum, have asserted that the agreed-upon sanctions are commensurate with the extent of Binance’s deliberate law violations. Binance’s Alleged Refusal to Register as a Money Services Business U.S. prosecutors have reportedly urged … Read more
Bitget, a top 15 cryptocurrency exchange, is seeking to expand its operations in Latin America, a market traditionally dominated by incumbents like Binance and Bitso. Maximiliano Hinz, Bitget’s growth director for Latam, believes that the exchange can differentiate by focusing on serving beginner investors with tools like its copy-trading feature. Bitget Aims to Gain Traction … Read more
Binance has announced a competition through its crypto derivatives arm, Binance Futures, offering participants the chance to win a Tesla Model Y. According to the crypto exchange, the contest will unfold over four weekly challenges spanning from Feb. 18 to Mar. 17, 2024. Binance Futures Unveils Tesla Model Y Challenge and Daily Crypto Rewards Beginning … Read more
A U.S. court has postponed the sentencing of Changpeng Zhao, the ousted CEO of the crypto exchange Binance, to April 30. A Seattle Federal Court notice did not share reasons for the delay in Zhao’s sentencing while his lawyer reportedly declined to comment on the matter. Uncertain Times for CZ as He Awaits Sentencing A … Read more
Secret Network’s native token, $SCRT, has experienced a remarkable surge, emerging as the top gainer on leading cryptocurrency exchange Binance. With a staggering 500% increase in trading volume within 24 hours and a notable 24% price surge, $SCRT has captured the attention of the crypto community. Secret Network’s prominence in the Cosmos IBC ecosystem is … Read more
Investors are expressing apprehension following news that Daniel Wang, the creator and former CEO of Loopring, a decentralized exchange protocol, transferred a significant portion of the system’s token, LRC, to Binance, the leading cryptocurrency exchange platform. This move has contributed to a decline in the token’s value, which had experienced a 5% increase over the … Read more
Binance Chain has successfully executed its 26th quarterly BNB token burn, as officially announced by the BNB Foundation. In this latest burn, a total of 2,141,487.27 BNB were eliminated, equivalent to approximately $636 million in market value, according to statements released by Binance. BNB serves as the native cryptocurrency within the BNB Chain ecosystem, powering … Read more
In a significant development, Maverick Protocol ($MAV) has witnessed an impressive 32% surge in its price within the last 24 hours, driven by the recent integration of Binance’s web3 wallet with Maverick. Binance, the world’s largest cryptocurrency exchange, has extended an enticing opportunity for its users to participate in the 34th launchpool project, Maverick Protocol. … Read more